3815 McLaughlin Ave - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$15,750,000 USD
818-574-5104
3815 McLaughlin Ave, Los Angeles, CA for Sale
$15,750,000 USD
Apartments - FOR SALE
1/11
null | 4.74% Cap Rate

3815 McLaughlin Ave
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • OVER 10% UPSIDE-- Current Rent Over 10% Below Market. AB 1482 Building Allows 8.7% Increases as of August 2026
  • PARKING-- 54 On-Grade Gated Parking Spaces
  • CELL TOWER LEASE-- Long Term T-Mobile Lease with 3% annual increases
  • PRIME LOCATION-- Desirable West Los Angeles Neighborhood
  • MOST UNITS FULLY RENOVATED-- with All New Kitchens, Bathrooms, Flooring, Washer/Dryer Installed
  • 1.5 MILLION SPENT - Approximately 1.5 million spent on improvements and renovations

OVERVIEW

3815 McLaughlin Ave is an architecturally unique multifamily apartment building with 28-units. Just south of Venice Blvd it's located in the Mar Vista neighborhood of West Los Angeles. The subject property is in close proximity to several highly desirable Westside neighborhoods, including Culver City, Venice, West LA, Marina del Rey, Palms, and Santa Monica. 3815 McLaughlin Ave offers a highly unique unit mix with several units featuring vaulted ceilings and oversized lofts including four studio loft units, one studio, nine 1+1 units, five 1+1 loft units, two 1+1 office loft units, six 2+2 units, and one 2+2 office loft unit. The current ownership has completed extensive renovations to most units, including brand-new kitchens and bathrooms, updated flooring, and installing washers and dryers. Amenities include on-site laundry, available storage units, a beautiful landscaped courtyard with waterfalls and ponds, and on-grade covered, gated parking for all tenants. As a turn-key investment, 3815 McLaughlin Ave would be a strong addition to any Westside apartment portfolio and would also be ideal for a first-time buyer seeking a long-term pride-of-ownership asset. The investment also offers multiple value-add components, including the potential for condominium conversion.

FOR SALE DETAILS

PRICE

$15,750,000 USD

PRICE/SF

$688 USD /SF

# OF UNITS

28

PRICE/UNIT

$562,500

CAP RATE

4.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,696 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

4214-016-034

ASK ABOUT THIS PROPERTY

Clark EverittIREA, Inc.More Info
818-574-5104

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Clark EverittIREA, Inc.More Info
818-574-5104

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.